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>> i think it's more about the economy does for the president what the economy did for ronald reagan after the economy did for bill clinton after monica lewinsky and what it didn't do for president bush. we spent a lot of team i know some people hate the analogies, health care, it politically the impact right now, yeah, politically right now, though, it is the same. >> prbt bush didn't recover. president reagan did recover. what were the deferences? >> one thing this president has potentially in his favor is this improving economy. i think podesa knows how to do like he did with clinton how to use the executive branch to look leak you are doing things. it really is. the economy is truly finally recovering, next year is a takeoff 84. that's how the president recovers. >> mark halperin asked the question on the twitter. if john podessa is the answer, what is the question? i have the answer for you, to me they haven't failed to be combative enough. they haven't failed to be left leaning enough. they haven't failed to use the executive powers enough. they have failed in every other area.
>> i think it's more about the economy does for the president what the economy did for ronald reagan after the economy did for bill clinton after monica lewinsky and what it didn't do for president bush. we spent a lot of team i know some people hate the analogies, health care, it politically the impact right now, yeah, politically right now, though, it is the same. >> prbt bush didn't recover. president reagan did recover. what were the deferences? >> one thing this president...
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but they will not collect or ransom in exchange for not crashing the america economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> you know, it looks like republicans are up against another wall. but they're not going to be able to get -- they're not going to be able to get, quite frankly, some things they really want, if they're serious, are important. spending issues. but this is -- he's got them again. >> here's the problem with the republican party being owned by extremists on issues not related to the debt. let me tell you something, the president of the united states, it's laughable that he would talk about republicans not being responsible on debt issues when this president has been in the white house since january the 20th, 2009, and he has yet to do anything significant on social security or medicare. he cut medicare, so he could start a new entitlement program. that's not making medicare more solvent. he hasn't done anything to curb the costs
but they will not collect or ransom in exchange for not crashing the america economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> you know, it looks like republicans are up against another wall. but they're not going to be able to get -- they're not going to be able to get, quite frankly, some things they really want, if they're serious, are important. spending issues....
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Jan 16, 2013
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economy. we do know that bad things probably happen. we also assume that house republicans at the end of the day will blink on this. i just would not make that assumption. i would look back to that tax vote after christmas. three-quarters of the republican party did not go along with speaker boehner on the compromise on increasing taxes. these guys don't care what leadership has to say about this issue. they want to shrink government. they were elected to shrink government. and whether it's defaulted, whether it's shutting down the government, whether it's allowing sequestration to kick in, they're going to make it happen in the next couple of months. and nobody knows how that will play out. >> we may just find out what happens when we reach the debt limit. jim, in spite of what the white house's grand plans for gun reform may be, there still may be not a lot of backing in congress. if you look at even republicans in the midwest and republicans in the north, how does this play out right now in congress? >> well, right. there's going to
economy. we do know that bad things probably happen. we also assume that house republicans at the end of the day will blink on this. i just would not make that assumption. i would look back to that tax vote after christmas. three-quarters of the republican party did not go along with speaker boehner on the compromise on increasing taxes. these guys don't care what leadership has to say about this issue. they want to shrink government. they were elected to shrink government. and whether it's...
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they want to wait till the economy is better. because if the economy is growing, you don't have to cut things as much, right? that's what he wants. >> but, listen. but this isn't even the paul krugman argument which is don't cut now. it will hurt the economy. this isn't a keynesian argument. i'm talking about medicare and social security. i'm talking about 20 years from now. >> but the 20-year numbers look a lot better if -- i think what a lot of democrats are hoping is the deal that they just did gets the economy growing by the middle of the year while this stuff is still being debated. and you can then cut a lot less from entitlements because the projections look better if we have higher economic growth, lower payments going out. >> all right. >>> coming up, nbc news political director, chuck todd, joins us. also former u.s. comptroller general dave walker on his thoughts on the fk deal that managed to add $4 trillion of debt. also, the latest on secretary clinton's blood clot health scare. we'll discuss the medical and politic
they want to wait till the economy is better. because if the economy is growing, you don't have to cut things as much, right? that's what he wants. >> but, listen. but this isn't even the paul krugman argument which is don't cut now. it will hurt the economy. this isn't a keynesian argument. i'm talking about medicare and social security. i'm talking about 20 years from now. >> but the 20-year numbers look a lot better if -- i think what a lot of democrats are hoping is the deal...
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that will hurt the economy. he got his tax increase, but he can't claim republican fingerprints on his tax increases. >> well, wait a second. i mean, we're not living in the alice in wonderland world here. there is a tax increase for wealthier americans. it's literally a tax increase. >> well -- >> rates are up. >> what happened yesterday was that all the tack rates went up, and then the republicans and the congress together took them down for some people, not for everybody. >> speaker john boehner, meanwhile -- >> i've got to stop there. come on. >> fine. >> come on, what world does he live in? >> i don't know. someone tell me. >> john -- >> what's the deal? >> -- i've always liked grover, you know. >> how do you believe someone like that? it is what it is when he wants it to be what it is. and then when it isn't, then he changes. >> they got rolled. republicans wouldn't vote to raise taxes. >> cramer, come on. >> to the million-dollar level. they got rolled and grover got rolled. >> they didn't just get rolled
that will hurt the economy. he got his tax increase, but he can't claim republican fingerprints on his tax increases. >> well, wait a second. i mean, we're not living in the alice in wonderland world here. there is a tax increase for wealthier americans. it's literally a tax increase. >> well -- >> rates are up. >> what happened yesterday was that all the tack rates went up, and then the republicans and the congress together took them down for some people, not for...
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i will call it the economy tax. it's been crushing. i have been in business 25 years. i have no idea what you're talking about. >> where was obama tonight? he went in there disarmed. romney was winning. >> you'll get your chance in a moment. that wasn't a question, it was a statement. >> i don't look at my -- >> you said the day after the rose garden you said it wasn't an act of terror. >> he did call it an act of terror. >> could you say that a little louder. >> they also had horses and bayonets and say it louder and somehow that would make a difference. >> all tied up, our brand new numbers on the race for president. >> here's old moderate mitt. where you been, boy? i missed you the last two years. >> if you can't change washington inside the white house, let's get you the plane ticket to chicago you've earned. >> don't vote. voting is the best revenge. >> not revenge, instead, i ask the american people to vote for love of country. >> today is election day. >> people are choosing on the direction of the country. >> just four hours from now, the first presidential pol
i will call it the economy tax. it's been crushing. i have been in business 25 years. i have no idea what you're talking about. >> where was obama tonight? he went in there disarmed. romney was winning. >> you'll get your chance in a moment. that wasn't a question, it was a statement. >> i don't look at my -- >> you said the day after the rose garden you said it wasn't an act of terror. >> he did call it an act of terror. >> could you say that a little...
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about 40% of the economy relies on federal spending." annie, about a week ago i was asked by a friend of mine, he had a question about the most affluent counties in america. and he thought that fairfield county in connecticut might be the most affluent county in america. and he asked me to go on the google -- that's what everybody said says -- the google -- >> the googled it, and two out the top five are fairfax county in northern virginia, washington, d.c., and montgomery county. i was stunned, but, thus, your piece. >> yeah, it's been a really amazing transformation that's slowly but surely by at least some measures, washington has surpassed silicon valley. it's surpassed, you know, as you mentioned these really rich towns in connecticut. and so now the whole region is just really, really wealthy. and what's kind of funny is that it isn't sort of millionaires and billionaires dragging the average up, it's just this huge profusion of white-collar jobs that are -- i would describe them as well paid, but nobody's embarrassed about the mon
about 40% of the economy relies on federal spending." annie, about a week ago i was asked by a friend of mine, he had a question about the most affluent counties in america. and he thought that fairfield county in connecticut might be the most affluent county in america. and he asked me to go on the google -- that's what everybody said says -- the google -- >> the googled it, and two out the top five are fairfax county in northern virginia, washington, d.c., and montgomery county. i...
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>> on the economy. overall, still very strong. >> it is, but the budget -- you see the beginning of him getting dragged down and a protracted budget fight, okay. then john boehner could go from 15% to 12%. but the president was going to go down to, you know, 50% down to 45%. and then you lose your opportunity to try to do immigration. and i thought what was interesting is when the president totally, like, flips and says, this is not going to be the apocalypse. let's talk about the rest of my agenda. here's why i'm an optimist. because i think in six months, sequestration, washington's filled with known sequestrian. >> a known thespian. >> florida, 1950. >> against claude kirk. >> claude kirk -- not claude kirk, george smathers. gets peppered. >> his wife is a known thespian. >> which she was, an actress. >> i love florida. >> by september when you have the regular order as boehner calls it, house passes a budget, i actually think by then if these cuts do -- if -- we know they're going to be pain in cert
>> on the economy. overall, still very strong. >> it is, but the budget -- you see the beginning of him getting dragged down and a protracted budget fight, okay. then john boehner could go from 15% to 12%. but the president was going to go down to, you know, 50% down to 45%. and then you lose your opportunity to try to do immigration. and i thought what was interesting is when the president totally, like, flips and says, this is not going to be the apocalypse. let's talk about the...
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cuts alone won't invigorate and stimulate the economy. what's the republican plan that you've been able to surmise so far, been able to glean so far, what's their plan to actually grow the economy? it can't be cuts alone. >> yeah, i think it's the right question, and i will ask it, harold, because what ryan has talked about is a down payment on a debt crisis, trying to stay a couple steps ahead of where europe is. so that america has influence around the globe and can try to get to a growth posture. look, the president believes very firmly that part of how you get growth is by more investment, by more government spending on infrastructure and the like, particularly in new sectors to try to, you know, get companies more comfortable with the idea of investment. i don't know where that's going to come on the republican side. particularly becauseheir first-line belief is that until you get some kind of down payment on debt and reduce the size of government, you're not going to have enough confidence on the part of major companies to make thos
cuts alone won't invigorate and stimulate the economy. what's the republican plan that you've been able to surmise so far, been able to glean so far, what's their plan to actually grow the economy? it can't be cuts alone. >> yeah, i think it's the right question, and i will ask it, harold, because what ryan has talked about is a down payment on a debt crisis, trying to stay a couple steps ahead of where europe is. so that america has influence around the globe and can try to get to a...
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less, contracts the economy. you've had a very dramatic effect, more than we've ever seen before. this shows the effect on gdp when the budget is more in a deficit position, when it's more -- less in a deficit position, even surplus position back in the day. what you can see again at the time of the obama stimulus you had a positive effect, from three percentage points on gdp. look where we are today it's a 1.5% negative which means 1.5 million jobs cost because the deficit is coming down. one other related point, you can buy insurance on the government default. it's part of the whole credit and derisktives market. if you look at what's happened to the cost of that insurance over the past couple days literally you can see after -- this was the last budget crisis we had at the end of last year, went up to that level. you can see it spiking right here, came down a little on friday. if this goes on you'll see it continue to spike and raises the cost of the government's debt, loses confidence in america. not a good s
less, contracts the economy. you've had a very dramatic effect, more than we've ever seen before. this shows the effect on gdp when the budget is more in a deficit position, when it's more -- less in a deficit position, even surplus position back in the day. what you can see again at the time of the obama stimulus you had a positive effect, from three percentage points on gdp. look where we are today it's a 1.5% negative which means 1.5 million jobs cost because the deficit is coming down. one...
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but obama never wanted to deal with the economy in his first term but had to. he was faced with dealing with that huge chunk of it. this nine months of the second term could have been an opportunity to go after things he wanted and that's where the disappointment is. we're not talking about immigration, obviously. who knows if that will ever come up again in this term. that was supposed to be one of the signature elements of his second term. >> if you think about the 2010 midterm, the white house did not help that many -- they were not seen as having provided much help to democrats in that midterm election so, democrats now, they're happy that the president helped them a little bit in 2012, although he didn't do much in terms of money that went to the triple c or the campaign committee. they're looking towards the midterms and the 2016 and the president has nothing to do with their re-election in the next two election cycles. >> isn't it stunning that you say the white house 3 1/2 years ago is saying we don't have a lot of control over democrats in the senate.
but obama never wanted to deal with the economy in his first term but had to. he was faced with dealing with that huge chunk of it. this nine months of the second term could have been an opportunity to go after things he wanted and that's where the disappointment is. we're not talking about immigration, obviously. who knows if that will ever come up again in this term. that was supposed to be one of the signature elements of his second term. >> if you think about the 2010 midterm, the...
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those are earthquakes for the world economy. we don't have that -- >> so basically they are connected to life support to the american people, the middle-class americans who are going to have to bail them out again. and the question is how do we start unwinding that, even if it's slowly? how do we start unwinding that today? so we will never be faced with what we were faced with on september 15th, 2008, again? >> those who were responsible for making the decisions that got us into the mess should have left, their position should have been forced out. there were, in my view, criminal offenses. but simply the irresponsibility was enough that they could not pass the bank regulation. >> what do you mean? >> but those people are still there. not only are they still there, they're still absolutely all the way through the administration, the congress. this is the american political system, as you know very well. >> stephanie, let me ask you about guns. it's an issue obviously since newtown that we've been talking about an awful lot. yes
those are earthquakes for the world economy. we don't have that -- >> so basically they are connected to life support to the american people, the middle-class americans who are going to have to bail them out again. and the question is how do we start unwinding that, even if it's slowly? how do we start unwinding that today? so we will never be faced with what we were faced with on september 15th, 2008, again? >> those who were responsible for making the decisions that got us into...
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the share of our economy going to work has gone down. why? because of globalization where companies can source their labor any way they want all around the world often at lower prices where workers can't demand pay increases. so the connecting fiber here, joe, is high corporate profits because they've been able to lower their labor costs. which means lower family incomes. and that's really what's been going on in this economy. >> jean, the fall of 2008, terrible for a lot of people and their retirement plans. >> absolutely. >> it's come back a little bit. what do we do? >> it hasn't come back a little bit. it's actually come back a lot. when you look -- and i want to go -- can i go to chart three before i go to chart one or chart two? >> yes. >> the people that we're most worried are the people closest to retirement. as always, they have the least amount of time to recover from a big dip in the stock market. if you can continue to participate in your 401(k), if you continued -- here are the balances from people in that age group. and we've br
the share of our economy going to work has gone down. why? because of globalization where companies can source their labor any way they want all around the world often at lower prices where workers can't demand pay increases. so the connecting fiber here, joe, is high corporate profits because they've been able to lower their labor costs. which means lower family incomes. and that's really what's been going on in this economy. >> jean, the fall of 2008, terrible for a lot of people and...
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it's everyday reinvesting for your personal economy. vietnam in 1972. [ all ] fort benning, georgia in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection and because usaa's commitment to serve military members, veterans, and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. life could be hectic. as a working mom of two young boys angie's list saves me a lot of time. after reading all the reviews i know i'm making the right choice. online or on the phone, we help you hire right the first time. with honest reviews on over 720 local services. keeping up with these two is more than a full time job, and i don't have time for unreliable companies. angie's list definitely saves me time and money. for over 18 years we've helped people take care of the things that matter most. join today. >>> michael j. fox has a new show. it's a familiar story to me. my father has parkinson's. he bur
it's everyday reinvesting for your personal economy. vietnam in 1972. [ all ] fort benning, georgia in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection and because usaa's commitment to serve military members, veterans, and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. life could be hectic. as a working mom of two young boys...
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a jolt to our economy. >> most knowledgeable people would agree immigrants create jobs here. immigrants are a thousand times more likely to have a business, don't take away jobs, create jobs. seasonal workers take jobs from nobody and do things americans won't do and create jobs down the road. the economic benefits of having immigrants around the world, the countries starting to eat our lunch doing it because they want immigrants and we are trying to keep them out. the issue where it gets controversial, family reunification, you're here an want to bring your family over. the family reunification people are trying to hold the economic immigration changes hostage until they get some of that. that's the fundamental battle in congress. nobody is really opposed to the economics in the south and the north and east and west and agricultural and every industry, everybody realizes they need them and they will create the jobs for americans tomorrow. like everything else in washington, nothing stands on its own. >> carl. >> it's an interesting discussion because all the issues we're tal
a jolt to our economy. >> most knowledgeable people would agree immigrants create jobs here. immigrants are a thousand times more likely to have a business, don't take away jobs, create jobs. seasonal workers take jobs from nobody and do things americans won't do and create jobs down the road. the economic benefits of having immigrants around the world, the countries starting to eat our lunch doing it because they want immigrants and we are trying to keep them out. the issue where it gets...
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for that new economy. it has to happen. otherwise we are rome. >> some people like paul krugman don't believe that medicare and medicaid are a crisis. he says let's wait till 2025, wait till the programs start going under, then we can address it. just to be clear, that's not the president's position, right? he knows we've got to take care of entitlements before 2025? >> he's started to do it. we started to do it in the affordable care act. >> that, in fact, was one of the rationales behind the affordable care act, to try and reduce the cost of medicare, reduce the cost of health care and extend the life of medicare, did by ten years, as you know, governor romney ran around the country attacking the president for cutting medicare during the campaign. >> the president understands, we still have to go back and take -- hold on. let me ask this because i want to get it on the record here. the president does understand -- and this is -- you know, we've talked privately. >> yes. >> you've assured me for four year
for that new economy. it has to happen. otherwise we are rome. >> some people like paul krugman don't believe that medicare and medicaid are a crisis. he says let's wait till 2025, wait till the programs start going under, then we can address it. just to be clear, that's not the president's position, right? he knows we've got to take care of entitlements before 2025? >> he's started to do it. we started to do it in the affordable care act. >> that, in fact, was one of the...
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james, you said it's the economy stupid famously back in 1992. the economy, the u news today, good. really good. you look at housing. it's looking strong. the stock market is just crazy. >> the average american doesn't feel it, it's making a huge difference in housing. great point i thought was made when interest rates go up, are people still going to be able to afford it. the key is, can the economy stand on its own two feet. >> and james, here we are in 2013. the controversy, irs, whether it's ap and yet if the economy keeps going up, we could have a replay of 1998. and yet the republicans -- and every caveat, every campaign. the fires in the coup tri at an all time low. look at the favorablety of the republican party, it's at an all time low. if you look at the congressional gener generic and it doesn't mean a lot, but it means something. democrats up six, seven, eight points in a will the of these polls. it is late may a year before the lech, but if i'm republican congressional, i'm starting to get concerned. >> all right, james carville, thank you. what's up on the buzz feed to
james, you said it's the economy stupid famously back in 1992. the economy, the u news today, good. really good. you look at housing. it's looking strong. the stock market is just crazy. >> the average american doesn't feel it, it's making a huge difference in housing. great point i thought was made when interest rates go up, are people still going to be able to afford it. the key is, can the economy stand on its own two feet. >> and james, here we are in 2013. the controversy, irs,...
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this was a huge economy, a big-state budget, a university system. they had to do something about the mental health institutions, for example, in the state. and it was exploding in terms of population. so by the time he got to washington, he had really been through a trial by fire, and he was ready for what he knew he had to do on behalf of the country. he had also -- people ought to remember this -- he had been through a really tough campaign. george bush 41 beat him in iowa in the opening of the primaries. >> in '80. >> in '80. he was prepared in a way for what he arrived at. and i think it's worth remembering. >> so let's take a trip down memory lane. >> oh, i like that. >> i love doing this. here's a clip of tom brokaw in 1967. >> what? >> yeah. watch this. >> interviewing dwight eisenhower during eisenhower's visit to see then-governor and presidential candidate ronald reagan. wow! >> almost four years ago now you encouraged all republicans who thought that they might be candidates for president to get into the race. do you still stand by that f
this was a huge economy, a big-state budget, a university system. they had to do something about the mental health institutions, for example, in the state. and it was exploding in terms of population. so by the time he got to washington, he had really been through a trial by fire, and he was ready for what he knew he had to do on behalf of the country. he had also -- people ought to remember this -- he had been through a really tough campaign. george bush 41 beat him in iowa in the opening of...
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but why do you have such upsidedown numbers on the economy? >> you know, looking at these numbers for the first time this morning it's a little bit baffling to me you would have expected i would have thought for the health care numbers to be worse. the economy has been on the mend. not coming back as fast as people had wished. one gets a sense, i think, that the -- the -- in some ways maybe the health care problems and the coverage of them are starting to kind of spread out into a more -- >> affect everything. >> -- affect everything in terms of the president's confidence. since the economy is always the most important thing for voters, as people start to think about the president as having issues of competence it's affecting their views on everything. >> i think the one thing the republicans have done well if they want to try and sort of derail this presidency and get their point across, they've done well at conflating obama care and the economy. >> and you remember back, i guess, 1992. george h.w. bush was asked a question about the deficit.
but why do you have such upsidedown numbers on the economy? >> you know, looking at these numbers for the first time this morning it's a little bit baffling to me you would have expected i would have thought for the health care numbers to be worse. the economy has been on the mend. not coming back as fast as people had wished. one gets a sense, i think, that the -- the -- in some ways maybe the health care problems and the coverage of them are starting to kind of spread out into a more --...
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there are two economies. >> there are. two economies in america and the headline we just had on the screen from the "wall street journal" says it all best. it's not the sgarvel thgamble g the market has very little to do i would argue with the underlying fundamentals of the economy that the people actually feel. the folks watching this show when you talk about 7.7% unemployment. what is happening they are gambling on something, there it is a show of faith in the fed is what the gamble is about. it's not saying look. the economy is getting better but it is on the margin. i don't want to suggest it's not. >> what are the margins? >> i think profits are up. i think you're seeing it -- if you're investing ins you' corpos it's getting better. if you see the s&p 500 at its highest level you say what gives? neighbors on both sides don't have jobs and maybe i don't either. that is the issue. my greatest worry about what is happening right now is all of the pressure in washington that we have always talked about or lack of pressure
there are two economies. >> there are. two economies in america and the headline we just had on the screen from the "wall street journal" says it all best. it's not the sgarvel thgamble g the market has very little to do i would argue with the underlying fundamentals of the economy that the people actually feel. the folks watching this show when you talk about 7.7% unemployment. what is happening they are gambling on something, there it is a show of faith in the fed is what the...
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what did you learn about the economy yesterday? >> the uncertainty that grips everything which everybody has touched on from the lack of income growth in the country, the lack of hours worked by workers in the country, the number of people participating in the labor market combined with the uncertainty in washington. the fed decided they would inject a certain uncertainty by saying we'll continue this. there's uncertainty when we stop this program. i think it's likely you'll hear this week the president make his choice for the fed chair known late this week early next week. it's been indicated in the press reports. that's probably good for the markets. but i think david is right, the uncertainty around the globe when you look how intertwined global markets is among central bankers, ben bernanke stepped back, took a breather and say people i'll go one way. showed independent willing on his part. >> quickly, here's the problem. the world is addicted to low rates. personally i would like to see what the economy looks like standing on
what did you learn about the economy yesterday? >> the uncertainty that grips everything which everybody has touched on from the lack of income growth in the country, the lack of hours worked by workers in the country, the number of people participating in the labor market combined with the uncertainty in washington. the fed decided they would inject a certain uncertainty by saying we'll continue this. there's uncertainty when we stop this program. i think it's likely you'll hear this...
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Dec 12, 2013
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that it grows the economy and gets people in jobs work. we haven't seen a proposal coming. >> paul, one other issue. yesterday in the "wall street journal," nbc/wall street journal poll, large number of americans in support of raising the minimum wage to $10 per hour. including, i think a majority of self-identified tea party members. you're from a swing districts in wisconsin, a district that democrats win in presidential races as much as republicans. what's your take on that issue, and what are you hearing back at home? >> it may be good politic, may look good on a bumper sticker, it's bad economics. it's the wrong way to go economically. we should be focused on the kind of reforms that grow jobs and put people back to work. having a competitive tax code. letting this energy boom take off. getting our spending more under control so we don't have an interest rate problem. those are -- there's no substitute, joe, for pro growth policies that actually get people back network and grow the economy. these things are very poor substitutes and c
that it grows the economy and gets people in jobs work. we haven't seen a proposal coming. >> paul, one other issue. yesterday in the "wall street journal," nbc/wall street journal poll, large number of americans in support of raising the minimum wage to $10 per hour. including, i think a majority of self-identified tea party members. you're from a swing districts in wisconsin, a district that democrats win in presidential races as much as republicans. what's your take on that...
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Oct 1, 2013
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a few days to-a shutdown isn't going to wreck the economy. >> what are the ramifications? we've been talking about political ones. are there any? if. >> if you look back at 1996, the government did shut down for three weeks. employment slowed down for a couple months, economic growth slowed down, but then it popped right up afterwards. if they go through a shutdown for a few weeks and then get it resolved, i think there will be a relief rally in the markets after that and the economy will, you know, pick up again later in the year. really, this debt ceiling increase is really the big show, and, you know, we've got three weeks of theatrics that are basically everybody's positioning for that. >> mike barnicle? >> jon, i don't want you to do a letterman top ten list here, but on the debt ceiling, what about the top three tremendously destructive things that could happen if they failed to, you know, meet the debt ceiling deadline, eve bin -- if they're a day late or two days late? >> i'll give you one. the one really bad e cent is if the government doesn't pay off bonds, treas
a few days to-a shutdown isn't going to wreck the economy. >> what are the ramifications? we've been talking about political ones. are there any? if. >> if you look back at 1996, the government did shut down for three weeks. employment slowed down for a couple months, economic growth slowed down, but then it popped right up afterwards. if they go through a shutdown for a few weeks and then get it resolved, i think there will be a relief rally in the markets after that and the...
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Oct 3, 2013
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for instance, here's the economy. here's the shutdown. see ? [ applause ] >> welcome back to "morning joe." look at the beautiful shot of the sun rising over new york city. joining the table this hour, we have the host of msnbc's "hard ball" and author of "tip and the gipper, when politics worked". chris matthews, an msnbc political analyst, former democratic congressman haywahaywarrold -- >> he's a professor, baby. >> and from the national journal group ron fornier and former press secretary under president clinton, dee dee myers. >> she's been through a shutdown. >> but that one meant something. >> it was a great shutdown. those were the days. when a shutdown was a shutdown, dee dee myers. >> at least it was about budget issues. >> i was thinking about that. it was very specific. you know, just stop asking us to keep funding government at this level with deficits going up until you agree to balance the budget in seven years. it was very specific. >> don't forget medicare. >> at the end of the day, yeah, exactly. democrats had to demagogue med
for instance, here's the economy. here's the shutdown. see ? [ applause ] >> welcome back to "morning joe." look at the beautiful shot of the sun rising over new york city. joining the table this hour, we have the host of msnbc's "hard ball" and author of "tip and the gipper, when politics worked". chris matthews, an msnbc political analyst, former democratic congressman haywahaywarrold -- >> he's a professor, baby. >> and from the national...
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Nov 13, 2013
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has a wide range of investment choices to help you fine-tune your personal economy. call today, and we'll make it easy to move that old 401(k) to a fidelity i.r.a. [ passenger ] airport, please. what airline? united. [ indian accent ] which airline, sir? [ passenger ] united. whoa taxi! [ british accent ] what airline, then? [ passenger ] united. all right. [ spanish ] what airline? [ passenger ] united. ♪ [ mandarin ] which airline? [ passenger ] united. [ arabic ] which airline? [ passenger ] united. [ italian ] where are we going? [ passenger ] united. [ male announcer ] more destinations than any other airline. [ thai ] which airline do you fly? [ passenger ] united. [ male announcer ] that's great, big world friendly. ♪ >>> you have to get up at like 4:00 in the morning. it's a terrible thing. the right path. >> you talking about the show getting up at 4:00 in the morning? >> the show is lovely. i watch the show. i haven't seen the show, but -- >> two months before the show, i said bush is bankrupting us and his foreign policy is bankru bankrupting us and we
has a wide range of investment choices to help you fine-tune your personal economy. call today, and we'll make it easy to move that old 401(k) to a fidelity i.r.a. [ passenger ] airport, please. what airline? united. [ indian accent ] which airline, sir? [ passenger ] united. whoa taxi! [ british accent ] what airline, then? [ passenger ] united. all right. [ spanish ] what airline? [ passenger ] united. ♪ [ mandarin ] which airline? [ passenger ] united. [ arabic ] which airline? [ passenger...
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Feb 25, 2013
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we're no closer to anything remotely serious on getting this economy growing again. this is such an enormous distraction from what really matters when facing the united states. that is what's truly depressing. >> i'll tell you, people always get tired of me telling stories about when i was congress. so i'll tell a story before i got in congress. the first thing i ever did politically was in 1993, lead a tax revolt, pensacola city hall tried to raise taxes by 65%. and they tried -- if we don't raise taxes 65%, this was right after the clinton tax increases and the state. and i was saying this is going to be devastating for our economic development. well, the city -- every city councilman got up there and councilwoman saying we don't get 65% tax increase, the firefighters aren't going to be able to come and rescue your little doggy from the tree. when your children are going to walk down streets that aren't going to be -- and they went on and on, tumbleweeds are going to be rolling -- guess what? we killed the tax increase. you know what happened? they gave their 11 ci
we're no closer to anything remotely serious on getting this economy growing again. this is such an enormous distraction from what really matters when facing the united states. that is what's truly depressing. >> i'll tell you, people always get tired of me telling stories about when i was congress. so i'll tell a story before i got in congress. the first thing i ever did politically was in 1993, lead a tax revolt, pensacola city hall tried to raise taxes by 65%. and they tried -- if we...
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Dec 19, 2013
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a stagnant economy? a nation that is very divided now? but should be called an empire, an imperial system? and i think that the question really is how long will he be around. probably not be a major change in russian policy while he's alive because he's dominanting the instruments of power and appealing to the most nationalistic aspect of russian society. >> and he's young. >> youngish. he's older than he looks. but there is a new middle class emerging in russia that wants to be part of europe and wants to be democratic. so i think the stake in ukraine is how to prevent the retrogression from becoming overriding and dominant and to prepare the ground for ukraine sliding towards the west and russia following it when the opening develops in russia. >> all right. dad, thank you. i'll see you christmas eve. and i can tell you right now cajun will be much better behaved than daisy. >> oh, stop. competition of the dogs. >> cajun will be so polite. unfortunately, daisy will destroy -- >> you guys compete about everything. >> but lovingly. >> you
a stagnant economy? a nation that is very divided now? but should be called an empire, an imperial system? and i think that the question really is how long will he be around. probably not be a major change in russian policy while he's alive because he's dominanting the instruments of power and appealing to the most nationalistic aspect of russian society. >> and he's young. >> youngish. he's older than he looks. but there is a new middle class emerging in russia that wants to be...
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Dec 9, 2013
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this economy wants to grow. the private-sector wants to invest. we're still 20% of the world's gdp and almost as if the private-sector is dig a trench around washington and finding its own way forward. >> isn't that amazing? washington is the problem. we have so many things to be excited about in this country, we have an energy revolution that's going on, the i.t. revolution continues, we dominate in silicon valley and as you know manufacturing is coming back to this country, low energy costs over the next five to ten years, the fact that we're the most productive people on the planet, but for washington, d.c.'s dysfunction we would be zooming forward. this is the american century. this is the new american century if washington can just figure it out. >> what an indictment our growth has a two in front of it as opposed to a three or four which is possible. >> the american public has some hope and faith that here we are no label problem solvers, republicans, democrats, independents. they are willing to put their country before themselves or their p
this economy wants to grow. the private-sector wants to invest. we're still 20% of the world's gdp and almost as if the private-sector is dig a trench around washington and finding its own way forward. >> isn't that amazing? washington is the problem. we have so many things to be excited about in this country, we have an energy revolution that's going on, the i.t. revolution continues, we dominate in silicon valley and as you know manufacturing is coming back to this country, low energy...
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Mar 28, 2013
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wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ ♪ >>> sports. that means it's time for jonathan capehart. >> i'm so excited for this. >> let's go. >> did you go last night? no, the game was in chicago. >> no. besides it was after my bedtime. you have to go to sleep early -- >> what do you think is harder? the heat maybe breaking the all-time win streak going to 34 games or winning a world championship? which is harder in your estimation? you're the expert. >> considering they lost last night. >> who lost? >> the heat. what? >> oh, man. you cannot make this up. >> what? >> heat are in chicago to take on the bulls who had been mentioned -- pay attention. take
wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ ♪ >>> sports. that...
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Feb 21, 2013
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the economy's upside down down right now. we're in negative growth this last quarter. >> it's really a bad idea right now to do this thing. and also as they were saying, it's deliberately written i guess to make it ridiculous so that you can't say let's take out one of our stupid tank programs we don't need. you can't do that. >> but that doesn't seem to be inspiring action. i mean, i asked what are they -- what's the alternative? i'm sure that they've been working with members of congress to come up with an alternative to this. i didn't -- i hear, oh, there should be one. >> yeah. >> but i don't hear any. >> well, i've got to say," you know, a lot of people, mike barnicle, attacked the president and congress for not working together, but they did come up with a plan that would have been remarkably stupid to an act as a worst-case scenario, and they worked together to create that fail safe plan and they're going to implement it. >> but the part that i don't understand, mike, you talk about the republicans saying, well, this t
the economy's upside down down right now. we're in negative growth this last quarter. >> it's really a bad idea right now to do this thing. and also as they were saying, it's deliberately written i guess to make it ridiculous so that you can't say let's take out one of our stupid tank programs we don't need. you can't do that. >> but that doesn't seem to be inspiring action. i mean, i asked what are they -- what's the alternative? i'm sure that they've been working with members of...
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Sep 27, 2013
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how it's going to ruin the economy. and now people are going to be able to log on or get the paperwork. they'll be able to go to walgreen's or somewhere else and see how easy it is to sign up. they will also see the prices and i'm sorry, people are about their wallets, ultimately and when they can save 200, 300, $4 00 a month on health insurance, this is going to become attractive to them. what's happening in washington is not. >> there's no doubt that if you look at, at the exchange and obviously as eugene just said, look, different people have different plans and different regions of the country. i think by and large, everything has come in much less expensive than people originally believed that it would. and i think that will, that will be a hul relief to a lot of people. that could give them some certificate just security as it receipts to health care. >> as other important programs that people depend on. >>> big news out of the u.n. after weeks of doubt and distrust. there's a deal at the united nations to dispose
how it's going to ruin the economy. and now people are going to be able to log on or get the paperwork. they'll be able to go to walgreen's or somewhere else and see how easy it is to sign up. they will also see the prices and i'm sorry, people are about their wallets, ultimately and when they can save 200, 300, $4 00 a month on health insurance, this is going to become attractive to them. what's happening in washington is not. >> there's no doubt that if you look at, at the exchange and...
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Jan 18, 2013
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the economy has stunk for the better part of five years. >> i'm an optimist. to prove it i'll go out right after the show and buy a new pair of sneakers right now today because of that. just because of what you said. >> chucks. >> the problem is this set is like a super fund site, just like toxic around here. >> oh, brian. thanks very much. >> good luck, everybody. >> thanks. >> looking ahead to monday morning, "morning joe" and "way too early" both live from the dubliner in washington, d.c. for the president's inauguration. come join us live starting at 5:30 a.m. morning papers up next. [ man ] i've been out there most of my life. you name it...i've hooked it. but there's one... e that's always eluded me. thought i had it in the blizzard of '93. ha! never even came close. sometimes, i actually think it's mocking me. [ engine revs ] what?! quattro!!!!! ♪ this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may h
the economy has stunk for the better part of five years. >> i'm an optimist. to prove it i'll go out right after the show and buy a new pair of sneakers right now today because of that. just because of what you said. >> chucks. >> the problem is this set is like a super fund site, just like toxic around here. >> oh, brian. thanks very much. >> good luck, everybody. >> thanks. >> looking ahead to monday morning, "morning joe" and "way too...
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Oct 31, 2013
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it's everyday reinvesting for your personal economy. >> we are back. business before the bell with kelly evans. latest jobless numbers did not come out. how did they look? >> they looked better in keeping with the latest theme we have seen. the attention is focused on a couple of things and the first is facebook. last night they gave investors a little bit of a scare. they finally said they were profitable and the revenue was up 60% and they are making a ton of monomobile ads. shares responded and the problem was the cfo responded to a question and went on to say that the trouble was facebook by the way was seeing a drop in daily users especially from younger kids. with that grouping so important to future trends, shares immediately gave back the gains. we will keep an eye and see which way they decided to go. the broader theme as we look to chose out the month is how strong of a rally we have seen this month and year for the stock market. up 24% for the s&p 500. that's a brought basket of stocks. they are the biggest money manager in the world and hav
it's everyday reinvesting for your personal economy. >> we are back. business before the bell with kelly evans. latest jobless numbers did not come out. how did they look? >> they looked better in keeping with the latest theme we have seen. the attention is focused on a couple of things and the first is facebook. last night they gave investors a little bit of a scare. they finally said they were profitable and the revenue was up 60% and they are making a ton of monomobile ads....
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Mar 27, 2013
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>> better than the economy. better than what people expect by mid september. >> he said that last year. >> mick, thanks a lot. on tomorrow's show, the chairman of the house intelligence committee congressman mike rogers and former new jersey governor mcmcgreevey will be with us and actor ray liotta is back for his latest film. how is that for a lineup in "morning joe" back in a moment. ♪ for his latest film. how is that for a lineup in "morning joe" back in a moment. ♪ ♪ [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ [ engine revs ] do we hano.a mower? a trimmer? no. we got nothing. we just bought our first house, we're on a budget we're not ready for spring. well lets get you ready. very nice. you see the various colors. we got workshops every saturday. yes, maybe a little bit over here this spring, take on more lawn for less. not bad for our first spring. more saving. more doing. that's the power of the h
>> better than the economy. better than what people expect by mid september. >> he said that last year. >> mick, thanks a lot. on tomorrow's show, the chairman of the house intelligence committee congressman mike rogers and former new jersey governor mcmcgreevey will be with us and actor ray liotta is back for his latest film. how is that for a lineup in "morning joe" back in a moment. ♪ for his latest film. how is that for a lineup in "morning joe" back...
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Oct 30, 2013
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that's not how we move the economy forward. >> that itself not how he move the economy forward. everybody needs access to bake health care. ♪ >> wow, look at that live shot. >> it's still dark out there. 7:00. we change the clocks this week. so it will be a bit darker. >> oh my gosh. >> that is so depressing. >> that's why the english wrote tragedies. >> i don't even know what that means. i just know it's depressing, i look out, it's dark. >> okay. welcome back to "morning joe." >> can you pop in the nerd world? >> so it's going to be like 60 degrees tonight at fenway. >> that's good. >> is that good? >> that's good. >> definitely watch us. i just want the cardinal fan, cardinal nation to know how much we respect them. >> i do. my dad grew up a cardinals fan. >> i love the red sox tonight. >> it really might be the best sports town. >> they're incredible. i can tell you. the cardinal fan base is as good as it gets. the organization is the best organization in baseball right now. what they're able to do year in, year out, what is it like seven of the nine starters are from fran
that's not how we move the economy forward. >> that itself not how he move the economy forward. everybody needs access to bake health care. ♪ >> wow, look at that live shot. >> it's still dark out there. 7:00. we change the clocks this week. so it will be a bit darker. >> oh my gosh. >> that is so depressing. >> that's why the english wrote tragedies. >> i don't even know what that means. i just know it's depressing, i look out, it's dark. >>...
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Nov 6, 2013
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses i started part-time, now i'm a manager.n. my employer matches my charitable giving. really. i get bonuses even working part-time. where i work, over 400 people are promoted every day. healthcare starting under $40 a month. i got education benefits. i work at walmart. i'm a pharmacist. sales associate. i manage produce. i work in logistics. there's more to walmart than you think. vo: opportunity. that's the real walmart. so delicious, they won't even know it's chicken. 50% less fat... 100% johnsonville taste. s >> i put together a short informational video that i hope will keep other cities from going through an embarrassment toronto is going through. >> how to tell i
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses i started part-time, now i'm a manager.n. my employer matches my charitable giving. really. i get...
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Feb 22, 2013
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it's going to slow down the economy. you've got democrats -- you've got the president running around because he only knows how to do one thing, ask for higher taxes. he's leading with the taxes. we've got to raise more taxes. it's the rich, it's the corporations, tax, tax, tax. i thought we had this debate before. democrats don't seem to understand that taxing americans dampens the economy, hurts small businesses, hurts a lot of americans. republicans don't seem to understand that massive unfocused cuts right now are going to slow down the economy and hurt americans, too. >> you seriously have to wonder whether anyone in washington, in the house, in the senate, in the white house, in the administration, republican, democrat, do they ever go outdoors? do they ever see what happens every day to ordinary americans? people who have been getting crushed economically for the past 10 or 15 years are now getting crushed again, doubly so. the payroll tax has been eliminated. have you checked out the price of gasoline over the pas
it's going to slow down the economy. you've got democrats -- you've got the president running around because he only knows how to do one thing, ask for higher taxes. he's leading with the taxes. we've got to raise more taxes. it's the rich, it's the corporations, tax, tax, tax. i thought we had this debate before. democrats don't seem to understand that taxing americans dampens the economy, hurts small businesses, hurts a lot of americans. republicans don't seem to understand that massive...
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Sep 23, 2013
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merkel's popularity is attributed to a strong economy and low unemployment rate. >> the german economy has just been extraordinary. compared to all the other countries. actually event fiscally responsible. >> $270 million worth of cocaine found on an air france flight. several people have been taken infor questioning. >> overseas in sydney, the sydney morning herald a flight was delaid out of australia after a snake tried to hitch a ride. it was discovered on a qantas plane. 370 passengers were inconvenienced by the unwelcomed guest. the snake was about seven inches long. why don't they grab it and take it off. >> at that lot of aviation in our news reports. >> do we have any highlights, t.j. of like squirrels water skating? >> next hour. >> you want to do the emmemmys. louie berg dover put out his best dress. sophia from "modern family." claire danes. claire danes won best actress for "homeland." >> that's a pick? >> john hamm. we like him. he's a good guy. >> you don't like that beard? >> no, i don't. >> how about without the beard. >> without the beard. >> but even with the beard i'
merkel's popularity is attributed to a strong economy and low unemployment rate. >> the german economy has just been extraordinary. compared to all the other countries. actually event fiscally responsible. >> $270 million worth of cocaine found on an air france flight. several people have been taken infor questioning. >> overseas in sydney, the sydney morning herald a flight was delaid out of australia after a snake tried to hitch a ride. it was discovered on a qantas plane....